Core Insights - Acceleware Ltd. has been awarded a Phase 3A contract for a potash drying project valued at $350,000, enhancing its position in the potash and critical minerals industry through the application of radio frequency (RF) heating technology [1] - The project aligns with Acceleware's strategy to utilize RF heating technology to reduce energy consumption and operating costs [2] Project Details - Phase 3A will build on the previous Phase 2 development, which involved designing, constructing, and testing prototype Clean Tech Inverter (CTI)-powered dryers, demonstrating that RF-based drying can be more efficient than traditional methods [3] - The new phase will employ a fully instrumented RF energy-based dryer with a capacity of 200 kg/hour, targeting a reduction of moisture in potash fines from 12% to 0.2%, as potash fines constitute about 20% of typical mine production [5] Future Implications - Data from the Phase 3A tests will inform future research and development of RF drying technology, providing insights for further development and testing [4] - Successful completion of this phase will offer results that may encourage IMII and its members to support ongoing development of the technology [5] Company Overview - Acceleware specializes in advanced electromagnetic heating technology, focusing on RF power-to-heat solutions that enhance production, lower energy consumption, and reduce operating costs in large-scale industrial heating [7] - The company is publicly listed on the TSX Venture Exchange under the symbol AXE and is currently engaged in multiple mining projects with major operators [8]

Core Insights - Acceleware Ltd. has announced two paid feasibility studies for BHP to assess the techno-economic viability of its EM Powered Heat technology for mineral processing and drying applications [1][2] Group 1: Feasibility Studies - The first study focuses on using radio frequency (RF) energy to reduce moisture levels in iron ore from the Pilbara region of Australia, which is essential to minimize processing plant delays [2][3] - The second study aims to improve the efficiency of copper production via heap leaching in Chile by increasing the temperature of the heap, which can positively affect yield [3] Group 2: Technology and Applications - Acceleware's EM Powered Heat technology is designed to deliver cost-efficient process heat solutions that enhance production in the mining sector [2] - The company has a patented low-cost, low-carbon RF thermal technology, RFXL, aimed at enhancing oil production for heavy oil, which differs significantly from existing recovery techniques [6] Group 3: Partnerships and Initiatives - Acceleware is collaborating with a consortium of potash producers to reduce operating costs and emissions in potash ore drying [5] - BHP's Think & Act Differently (TAD) program supports innovative technologies that enhance efficiency, sustainability, and safety in mining, aligning with Acceleware's objectives [7]

Core Insights - Acceleware Ltd. reported financial and operational results for the three and nine months ended September 30, 2025, highlighting significant changes in revenue and comprehensive income compared to previous periods [1][2][12][16][17]. Financial Highlights - Revenue for Q3 2025 was $53,770, a decrease from $1.3 million in Q3 2024 and $202,000 in Q2 2025 [2][12]. - For the nine months ended September 30, 2025, revenue totaled $686,519, down from $3.3 million in the same period of 2024, primarily due to the recognition of deferred revenue in the prior year [2][16]. - Comprehensive loss for Q3 2025 was $578,487, compared to a comprehensive income of $856,500 in Q3 2024 [2][13]. - Total comprehensive loss for the nine months ended September 30, 2025, was $1.7 million, contrasting with a comprehensive income of $1.1 million for the same period in 2024 [2][17]. Operational Highlights - Acceleware aims to enhance western Canadian resources through innovative electromagnetic RF heating applications, focusing on increasing production and reducing operating costs [3]. - The company is advancing its RF XL 2.0 technology, with discussions ongoing for commercial demonstration agreements in Saskatchewan and Alberta [4][5]. - The RF XL 2.0 design is complete, promising a 30% reduction in per well capital costs compared to the previous version, along with improved deployment and safety features [6]. Research and Development - R&D expenditures for Q3 2025 were $211,725, compared to negative $196,809 in Q3 2024, reflecting a shift in funding dynamics [2][14]. - For the nine months ended September 30, 2025, R&D expenses totaled $899,149, up from $445,511 in the same period of 2024, largely due to lower government assistance [2][19]. Financing Activities - In Q3 2025, Acceleware closed a non-brokered private placement, raising $1 million by distributing 10,003,342 units at $0.10 each [10]. - The company also issued units to settle $186,000 in trades payable and management fees [11]. Cash Flow and Working Capital - As of September 30, 2025, Acceleware reported negative working capital of $3.6 million, slightly worse than the $3.4 million reported at the end of 2024, but with increased cash reserves of $461,000 [21]. - The company is actively managing cash flow through operational revenue, external funding, and capital raising activities [22]. Strategic Focus - Acceleware is targeting critical minerals processing and amine regeneration as part of its strategic investment plan [7]. - The company is collaborating with the International Minerals Innovation Institute on a larger-scale prototype dryer for potash, with potential sanctioning later this year [8].

Core Insights - Acceleware Ltd. will present its EM Powered Heat solutions at the MICA Conference & Innovation Showcase 2025, highlighting its potential to transform the mining industry [1][2] - The conference aims to connect industry leaders, investors, and innovators to explore technologies that enhance productivity, sustainability, and safety in mining [2][3] Company Overview - Acceleware is an advanced electromagnetic heating company specializing in RF power-to-heat solutions for large industrial applications, focusing on electrifying and decarbonizing industrial process heat [4][5] - The company has partnered with a consortium of potash partners to decarbonize the drying process of potash ore and other critical minerals [5] Industry Engagement - Acceleware has been actively participating in global mining conferences, including PDAC 2025 and CIM Connect, to promote its EM Powered Heat technology [3] - The MICA Conference will feature 12 innovative mining-technology companies, showcasing advancements that propel the industry forward [2]

Group 1 - Acceleware Ltd. will present at the Schachter Catch the Energy Conference on October 18, 2025, at Mount Royal University in Calgary [1][2] - The conference aims to connect investors with executives from various energy companies, providing an opportunity to discuss technologies that improve recovery and reduce costs [2][6] - Acceleware's RF XL 2.0 system is designed to enhance oil recovery and is highlighted as a key technology for unlocking more barrels faster [2][4] Group 2 - Acceleware specializes in advanced electromagnetic heating solutions, focusing on decarbonizing industrial process heat applications while reducing costs [3][4] - The company is developing its patented Clean Tech Inverter to improve amine regeneration efficiency and is collaborating with potash partners to decarbonize drying processes [4][5] - Acceleware's RFXL technology is a low-cost, low-carbon RF thermal enhanced oil production method that differs significantly from existing enhanced recovery techniques [5]

Core Insights - Acceleware Ltd. has appointed three new senior executive advisors to its Advisory Board to enhance its strategic direction and commercialization efforts [1][2][3] Advisory Board Update - The new members of the Advisory Board are Juan Benitez, Jason de Jong, and Ryan Cross, who join returning members Cal Coulter, Sean David, and Don Verdonck [2] - Former members John Howard, Jeff Reading, and Chad Robinson have stepped down but will assist in the transition [2] Executive Insights - CEO Geoff Clark expressed gratitude for the contributions of former advisors and emphasized the importance of the new appointments in driving shareholder value and accelerating technology commercialization [3] About the Appointees - Juan Benitez has extensive experience in strategic partnerships and technology commercialization in the energy sector, having worked at Cenovus Energy and BDC Capital [4] - Jason de Jong has a background in thermodynamics and energy decarbonization, with experience in oil and gas production and technology evaluation [5] - Ryan Cross brings over 30 years of experience in energy and clean technology, focusing on carbon capture and renewable energy [6] Stock Options Grant - Acceleware has granted stock options to acquire up to 1,445,000 common shares at an exercise price of $0.09, expiring on September 12, 2030 [7] - The options will vest in two tranches: 722,500 shares on the first anniversary and 722,500 shares on the second anniversary of the grant date [8] - The stock option plan allows for a total of 13,044,026 common shares to be reserved, with 11,007,466 shares currently reserved under options outstanding [8] Company Overview - Acceleware specializes in advanced electromagnetic heating technologies, focusing on RF power-to-heat solutions for industrial applications [9] - The company aims to electrify and decarbonize industrial process heat applications while reducing costs [9] - Acceleware is developing its patented Clean Tech Inverter to improve amine regeneration efficiency and is collaborating with potash partners to decarbonize drying processes [10] - The company also offers RFXL, a low-cost, low-carbon RF thermal enhanced oil production technology [10]

Core Viewpoint - Acceleware Ltd. has successfully closed the second tranche of a non-brokered private placement, raising a total of $209,000, contributing to overall gross proceeds of $1,000,334.20 from both tranches, aimed at advancing its RF heating technologies and general corporate purposes [1][4]. Group 1: Private Placement Details - The second tranche involved the distribution of 2,090,000 Units at a price of $0.10 per Unit [1]. - Each Unit consists of one common share and one warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.20, expiring 24 months from issuance [2]. - A total of 10,003,342 Units have been distributed across both tranches [1]. Group 2: Use of Proceeds - Proceeds from the private placement will fund the RF XL 2.0 redeployment plan, advance commercialization of RF heating applications, and support general corporate purposes [4]. Group 3: Insider Participation - Insiders purchased 720,000 Units in the second tranche, totaling 2,020,000 Units across both tranches, qualifying as a related party transaction [5]. - The company relied on exemptions from formal valuation and minority approval requirements based on the fair market value of the Private Placement not exceeding 25% of its market capitalization [5]. Group 4: Company Overview - Acceleware is an advanced electromagnetic heating company focused on RF power-to-heat solutions for industrial applications, aiming to electrify and decarbonize process heat applications while reducing costs [6]. - The company is developing its patented Clean Tech Inverter to enhance amine regeneration efficiency and is collaborating with potash partners to decarbonize drying processes [7]. - Acceleware's RF XL technology is a low-cost, low-carbon solution for enhanced oil production, differing significantly from existing recovery techniques [8].

Core Viewpoint - Acceleware Ltd. is advancing its non-brokered private placement to fund its RF power-to-heat technologies, with a focus on critical minerals and carbon capture applications [1][2]. Group 1: Private Placement Details - The TSX Venture Exchange has extended the closing date for additional tranches of the private placement from September 1, 2025, to September 5, 2025 [1]. - The first tranche closed on July 31, 2025, raising total gross proceeds of $791,334.20 [2]. - Each unit in the private placement consists of one common share and one common share purchase warrant, with an exercise price of $0.20 for 24 months [3]. Group 2: Use of Proceeds - Proceeds from the private placement will be allocated to the RF XL 2.0 redeployment plan, commercialization of new RF heating applications, and general corporate purposes [2]. Group 3: Insider Participation - Insiders purchased a total of 1,300,000 units in the first tranche and may participate in subsequent tranches, classifying the private placement as a related party transaction [4]. Group 4: Company Overview - Acceleware specializes in RF power-to-heat technologies aimed at decarbonizing industrial processes and reducing costs [5]. - The company is developing its patented Clean Tech Inverter to enhance amine regeneration efficiency and is collaborating with potash partners to decarbonize drying processes [6]. - Acceleware's RF XL technology is a low-cost, low-carbon solution for enhanced oil production, differing significantly from existing recovery techniques [7].

Core Viewpoint - Acceleware Ltd. is advancing its RF power-to-heat technologies aimed at enhancing oil production, improving energy efficiency, and reducing greenhouse gas emissions, with a focus on the RF XL 2.0 system and its commercial viability [1][4][21]. Financial Highlights - For Q2 2025, Acceleware reported revenue of $201,523, a significant decrease from $2,012,047 in Q2 2024, and a comprehensive loss of $714,148 compared to a comprehensive income of $1,263,914 in the same period last year [2][10][11]. - R&D expenditures for Q2 2025 were $266,595, up from $140,205 in Q2 2024, reflecting ongoing development efforts for RF XL 2.0 and other technologies [2][12]. RF XL 2.0 Development - The RF XL 2.0 design is finalized and ready for manufacturing, with an estimated cost of $5 - $6 million for the pilot phase, which aims to enhance oil production through improved subsurface energy delivery [3][4]. - The new design is expected to reduce per well capital costs by approximately 30% compared to the previous RF XL system, while also simplifying deployment and enhancing safety [2][3]. Strategic Initiatives - Acceleware is exploring opportunities to acquire heavy oil properties to deploy RF XL 2.0 as a secondary recovery method, which could improve production and asset valuation [5]. - The company has developed a focused investment strategy that includes critical minerals heating and drying, alongside RF XL 2.0, and is in discussions for further funding [6][7]. Cash Flow and Capital Management - As of June 30, 2025, Acceleware reported negative working capital of $4.2 million, indicating challenges in cash flow management [19]. - The company is actively managing its cash flow through operational initiatives and external funding efforts to support ongoing R&D and technology development [20].

Core Points - Acceleware Ltd. has completed shares for debt transactions to settle $186,337 in trades payable, management fees, and interest on convertible debentures by issuing up to 1,863,375 Units at a deemed price of $0.10 per Unit [1][4] - Each Unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of a common share at $0.20 for 24 months [2] - Insiders received 313,000 Units in these transactions, qualifying as a related party transaction under MI 61-101, with exemptions from formal valuation and minority shareholder approval [3] Financial Details - The proceeds from the Shares for Debt Transactions will be used to fund the RF XL 2.0 redeployment plan, advance commercialization of RF heating applications, and for general corporate purposes [4] - The Company is focused on improving efficiency in amine regeneration and has partnered with potash industry leaders to decarbonize drying processes [6] Company Overview - Acceleware is an advanced electromagnetic heating company specializing in RF power-to-heat solutions for industrial applications, aiming to electrify and decarbonize process heat while reducing costs [5] - The RF XL technology is a patented low-cost, low-carbon solution for enhanced oil production, differing significantly from existing recovery techniques [7]